Azerbaijani insurance company doubles fees
Azerbaijan, Baku, Jan. 23 / Trend /
According to the preliminary data as of 2012, AtaSigorta insurance company collected premiums worth 10.64 million manat, or 93.2 percent more than in 2011, the company said today.
The share of voluntary kinds of insurance was 60 percent (6.389 million manat) and compulsory kinds - 40 percent (4.251 million manat).
During the reporting period, the insurance claims were paid to the amount of 2.596 million manat, or 23.3 percent more than in the same period of 2011.
AtaSigorta has been operating in the insurance market since 2004. It operates in 22 types of voluntary and four types of compulsory insurance.
AtaSigorta is the founder and member of the compulsory insurance bureau. AtaSigorta's paid capital, which is part of AtaHolding group of companies, is 6.6 million manat.
The company has four branches and four representative offices.
The official exchange rate is 0.7849 AZN/USD on Jan. 23.